Dominion Energy (NYSE:D) PT Raised to $43.00

Dominion Energy (NYSE:D) had its price target lifted by investment analysts at Bank of America from $40.00 to $43.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an “underperform” rating on the utilities provider’s stock. Bank of America‘s price target would indicate a potential downside of 16.10% from the company’s current price.

A number of other analysts also recently weighed in on D. Mizuho decreased their price target on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, March 6th. Guggenheim decreased their price target on Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a report on Monday, March 4th. Wells Fargo & Company raised their target price on Dominion Energy from $49.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. Barclays reduced their target price on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Finally, Scotiabank reduced their target price on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and an average price target of $49.10.

Dominion Energy Price Performance

Dominion Energy stock opened at $51.25 on Tuesday. Dominion Energy has a 12 month low of $39.18 and a 12 month high of $57.90. The stock’s 50 day moving average is $47.97 and its 200-day moving average is $46.28. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $42.93 billion, a price-to-earnings ratio of 22.00, a PEG ratio of 1.99 and a beta of 0.61.

Dominion Energy (NYSE:D) last released its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.11). Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The business had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the previous year, the company earned $1.06 earnings per share. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. Equities research analysts expect that Dominion Energy will post 2.86 EPS for the current year.

Insiders Place Their Bets

In related news, Director Joseph M. Rigby bought 2,130 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the transaction, the director now directly owns 8,417 shares in the company, valued at approximately $395,093.98. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Joseph M. Rigby purchased 2,130 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average price of $46.94 per share, with a total value of $99,982.20. Following the completion of the acquisition, the director now owns 8,417 shares in the company, valued at approximately $395,093.98. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Robert M. Blue purchased 21,735 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was purchased at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the acquisition, the chief executive officer now owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. Company insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in Dominion Energy in the third quarter valued at $397,000. Impact Partnership Wealth LLC increased its stake in Dominion Energy by 13,720.0% in the third quarter. Impact Partnership Wealth LLC now owns 2,764 shares of the utilities provider’s stock valued at $123,000 after acquiring an additional 2,744 shares during the last quarter. DAVENPORT & Co LLC boosted its position in Dominion Energy by 8.0% during the third quarter. DAVENPORT & Co LLC now owns 340,799 shares of the utilities provider’s stock valued at $15,221,000 after buying an additional 25,190 shares during the period. Riverview Trust Co boosted its position in Dominion Energy by 146.9% during the third quarter. Riverview Trust Co now owns 2,343 shares of the utilities provider’s stock valued at $105,000 after buying an additional 1,394 shares during the period. Finally, Miller Howard Investments Inc. NY boosted its position in Dominion Energy by 29.5% during the third quarter. Miller Howard Investments Inc. NY now owns 202,370 shares of the utilities provider’s stock valued at $9,040,000 after buying an additional 46,044 shares during the period. Institutional investors own 73.04% of the company’s stock.

About Dominion Energy

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.